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Median Rent $1,761; Values Ease to $219K
Updated 12 days ago
Your Investment Paths
Turnkey Rental
This charming single-family home shows strong rental potential, with market data suggesting monthly income ranging from 1,580 to 1,893. These figures highlight a robust opportunity for consistent cash flow in the current Bloomington rental market. Investors can anticipate an impressive estimated yield of 16.68 percent, supported by consistent local demand. With an annual market appreciation value of 2,745, this property serves as a solid foundation for building a long-term real-estate portfolio.
More about this home
Neighborhood Assessment
This spot in Bloomington's Near West Side is really all about location, ya know? You're close to downtown, public transport, and daily essentials, which means it's got some real walkability. Schools are good and nearby—Fairview Elementary, Tri-North Middle, and Bloomington North High, all within a couple miles. There's been a steady stream of real estate activity in the area, with homes selling or renting fairly quickly and price points ranging from 174K to 234K for similar-sized places. Local development has kept the neighborhood pretty lively.
Market Activity
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Rental Income
$21K
Yield
16.7%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Fresh updates significantly boost property value, raising price per square foot to roughly $233 from the $194 baseline. This represents an impressive 20% increase, helping your home stand out while appealing to modern buyer preferences. With higher potential sale prices reaching up to $351,000, these improvements capture buyer interest faster. Refreshing your space adds substantial long-term value, making your home a more attractive choice for both future buyers and potential renters.
Value Add
$54K
Appreciation
$7K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an after-repair value between $317,000 and $351,000. Renovations are projected to increase value by roughly 20%, creating strong equity potential for investors targeting this specific market segment. Monthly rental income is estimated at $1,793, delivering a 6.4% yield. While the yield is moderate, the combination of consistent rental demand and healthy appreciation rates makes this a reliable asset for long-term portfolio growth.
Rental Income
$22K
Yield
6.4%
Appreciation
$7K
Year 1 Estimates, Post Typical Renovation
Estimated value
$125K
$75K below comp median
Comparative Market Analysis
$150K – $350K
~78 days to sell
Based on 8 comps
220 N Adams St, Bloomington Investment Report: Flip & Rental Analysis · Frontflip